The government is out with a prediction that Americans will pay less on heating this winter compared to last winter. The U.S. Energy Information Administration report stated that the forecast applies to U.S. households where natural gas is used for heating. There will also be a decline in expenses for homes that use …
October 2023 archive
3Q earnings to be released by Alliance Resource Partners
Alliance Resource Partners, L.P., the coal company headquartered in Tulsa but with major operations in the east, plans to release its third quarter financial reports later in the month. The release will be made on Friday, October 27 and management will discuss the results during a conference call starting at 9 a.m. Central Time. …
Vital Energy plans to double amount of company shares
Vital Energy’s board of directors has called for a special meeting in November for shareholders to vote on a proposed doubling of the number of shares held in the Tulsa company. At the Tuesday, November 21 meeting, shareholders will be asked to amend the company’s amended and restated certificate of incorporation to increase the …
Feds reject Oklahoma’s HALO hydrogen hub proposal
Oklahoma officials who were behind a proposed hydrogen hub with Arkansas and Louisiana were left disappointed Friday when the Biden administration chose other clean-energy projects in seven states to be eligible for $7 billion in government funding. The HALO Hydrogen Hub was not among those chosen by the Biden administration. The proposal by the …
US oil and gas rig count shows a gain while Oklahoma was unchanged
The number of active drilling rigs in the U.S. increased in the past week while Oklahoma’s count was unchanged. Baker Hughes Co. released its rig count on Friday showing Oklahoma stayed at 37, same as a week earlier but far below the 65 rigs reported one year ago. Nationally, the count increased by 3 …
Increased fighting in Israel sparks 6% gain for crude oil and increases for OK energy stocks
Growing concern that a ground war by Israel into the Gaza Strip might widen the fighting in the Middle East sent crude oil prices shooting up nearly 6% on Friday while Oklahoma energy stocks scored strong gains too. The marked increase in prices occurred a week after Hamas carried out a deadly attack in southern …
Quick review of other energy stories
** Federal authorities say they will not be investigating the Monday derailment of a Union Pacific Railroad train that was carrying Fort Carson equipment home from California. ** Offshore oil and gas permitting under President Biden has fallen to a low the energy industry has not experienced since the Bush administration two decades ago, according to federal …
Pioneer CEO could get $151 million payout in Exxon Mobil acquisition
How’s this for a payout? $151 million. It’s what Pioneer Natural Resources Co. Chief Executive Officer Scott Sheffield is in line to receive in the $60 billion acquisition of the company by Exxon Mobil. He’s 71 and has been the leader of Pioneer for more than 20 years. His payout would be mostly …
Clean energy week observed in Oklahoma
Oklahoma Gov. Kevin Stitt recently observed Clean Energy Week in Oklahoma and did so with a proclamation that drew thanks from the state’s energy industry. Thank you, Governor Kevin Stitt, for recognizing Oklahoma’s Energy Leadership Now more than ever before, American energy is powering homes and businesses across Oklahoma. Recognizing this, Governor Kevin Stitt …
Buildup in crude oil storage sent prices down on Thursday
Thursday brought early gains for crude oil prices, but they were beaten down by news of a large gain in U.S. crude stockpiles. Oklahoma energy stocks performed weakly for the day. West Texas Intermediate crude dropped 58 cents to $82.91 a barrel on the New York Mercantile Exchange, but only after climbing more than $1 …